And I won't be able to leave any personal items in it.

Talk through the issues of who pays what, then get it in writing.But for now it comes down to the lease -- are these items covered in the lease (do you have a lease?).

I had provided a solid and glowing reference to the new landlord.Things were cordial until we were doing a pre-walkthrough of the damages, and I provided estimated costs (based on contractor quotes for work, and based on homedepot.com for items needing replacement).

Robert Taylor (not a bad name choice if I say so myself lol) I was planning to add around 20% for my budgeted costs, but I like your idea of just budgeting for more expensive items plus the 20% that way I'll be sure to have everything covered.

Then you will get a dropdown of menu items, one of which is "REI Resources" - select the "REI Resources".

I purchased five ceiling fans and four faucets for 300 .00top shelf stufflike the hampton bay mercer 52 and price pfister hunter kohler.apparently home depot puts a lot of returns on pallets and auctions them off.some items are fine and intactjust the box is shabby others are missing a piece that can be ordered.like one ceiling actually had a missing slot for the bladeI had to cut a slot with my multi max. but the other fans were fine just a broken globe which could be ordered for about 20.00the fan cost me 20.00 and retails for 169.00 so I think I did ok.the faucets were fine nothing missinggot a price pfister shower body for 30.00check your your flea markets you may be surprised what you come up with.

Depending on the asset type, age, etc. you can shorten the depreciation timeframes under current IRS rules, as well as "catch up" on certain items of the aspect.

Kevin,One item that many spreadsheets don't get quite right is the Taxes.Using the current taxes as a starting point, you need to determine what the likely new taxes will be.

How much allowance do you have for; vacancy (which you will have as soon as you announce a 10-20% rent increase), major repairs-you don't mention the age of the roof, HVAC, any appliances, trust me, flooring is a small ticket item comparatively.4.

:roll: Here is how I enter the initial purchase.1005 19th Ave Asset:land Debit $26,6001005 19th Ave Asset:bldg Debit $239,400Closing Costs:1005 19th Debit $76381005 19th Liabilities:1st Mort Credit $212,8001005 19th Liabilities:2nd Mort Credit $26,600Owners Equity [earnest $] Credit $34,238I think it makes sense as you mentioned to expense most repair items and capitalize the improvement.